Plan Snapshot
- Plan Sponsor: The Bank Of New York Mellon Corporation
- Sponsor EIN: 132614959
- Sponsor Address: 500 ROSS STREET 154-1300, PITTSBURGH, PA, 15262
- Plan Type: 401(k)
- Total Participants: 22,098
- Total Assets: $9.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 22,098 | $9.9B | $165.7M | $278.8M |
| 2023 | 24,183 | $9.0B | $181.9M | $278.8M |
| 2022 | 25,184 | $7.8B | $181.8M | $274.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VOYA INSTITUTIONAL PLAN SERVICES | NONE | $93,708 | $1,236,066 | $1,329,774 |
| BNY MELLON SECURITIES CORPORATION | NONE | — | $75,409 | $75,409 |
| PERSHING LLC | NONE | — | $27,163 | $27,163 |
| KPMG, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KPMG, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,432,346
- Estimated Expense Ratio: 0.014% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,062,834 | $3,518,728 | — | — | — |
| 2023 | $4,131,162 | $3,483,781 | — | — | — |
| 2022 | $4,087,878 | $3,448,196 | $522,977 | — | — |